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Jun 30, 2020
Main Street Capital Q2 2020 Earnings Report
Main Street Capital reported a decrease in net investment income and distributable net investment income, but an increase in net assets resulting from operations compared to the same quarter last year.
Key Takeaways
Main Street Capital Corporation announced its financial results for the second quarter of 2020, featuring a net investment income of $0.48 per share and distributable net investment income of $0.52 per share. The company's net asset value stood at $20.85 per share. Despite economic challenges, Main Street saw success in lower middle market and private loan investment activities.
Net investment income was $31.3 million, or $0.48 per share.
Distributable net investment income was $34.1 million, or $0.52 per share.
Total investment income reached $52.0 million.
The company completed $84.6 million in total lower middle market portfolio investments.
Revenue by Segment
Forward Guidance
Main Street anticipates navigating the economic environment and the effects of the COVID-19 pandemic, and aims to complete the transaction making the External Investment Manager the sole adviser and administrator to HMS Income.
Positive Outlook
- Prioritizing the health and well-being of employees and portfolio companies' employees.
- Selectively executing on new investment opportunities.
- Actively supporting portfolio companies.
- Conservative capital structure.
- Significant liquidity position.
Challenges Ahead
- Challenging economic environment due to COVID-19 pandemic.
- Potential impacts of COVID-19 on business and operations.
- Potential impacts of COVID-19 on liquidity and access to capital.
- Potential impacts of COVID-19 on the U.S. and global economies.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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